An overview of the Indian Economy

Macro Aggregates, Industries and Trade

Ayush Patel

2023-08-25

Hello

I am Ayush.

I am a researcher working at the intersection of data, law, development and economics.

I teach Data Science using R at Gokhale Institute of Politics and Economics.

I am a RStudio (Posit) certified tidyverse Instructor.

I am a Researcher at Oxford Poverty and Human development Initiative (OPHI), at the University of Oxford.

Reach me

ayush.ap58@gmail.com

ayush.patel@gipe.ac.in

Topics and Flow

  • Macro Aggregates of Indian Economy
  • Industries in India and other sectors
  • Trade

Macro Aggregates of the Indian Economy

India in numbers - some basic facts

  • India is home to more than 1.4 billion people1.
  • India is among the top 5 largest economies (3.38 trillion USD) in the world.2
  • With USD 2,380 GNI per capita (same PPP for USD8210) India falls under the Lower-Middle Income classification of the World Bank.3
  • OPHI reports an MPI of 0.069 for India with 16.39% Headcount of multidimensionally poor and 41.98% Intensity of poverty.4

A broader comparison with its neighbours and peers is need to better situate the Indian Economy on a global stage.

A comparison around the block

India shares boundaries with Afghanistan, Bangladesh, Bhutan, China, Myanmar, Nepal, Pakistan, and Sri Lanka. Between these sub-continental neighbours there are old economic and cultural ties.

Additionally, Sri Lanka, Pakistan, Nepal, Bangladesh and India are also classified as lower-middle income countries by the World Bank

We explore and compare core macro indicators of these countries.

GDP and GNI per capita - The Neighbours

Export & Imports - The Neighbours

Closer look at the Indian Industries

What sector produces most Value?

Components of the GDP

Is there trust?

Generally, investments and deployment of resources show level of trust in an economic activity.

Flow of Resources to Commercial Sector

Gross Bank Credit to Industries

Trade

Historical Trade Balance - India

Flow of trade 2017-18

Flow of trade 2018-19

Flow of trade 2019-20

Flow of trade 2020-21

Flow of trade 2021-22

Flow of trade with South Korea